OTO funding, investors and company details

OTO is an emerging Financial Services - Fintech - Lending startup from Bengaluru, working in the space of Digital commerce for automotive financing, two‑wheeler financing, online purchase facilitation. Founded by Sumit Chhazed, Harsh Saruparia.

Company: 1T9 Technology Private Limited
Sector: Financial Services - Fintech - Lending
Location: Bengaluru
Founders: Sumit Chhazed, Harsh Saruparia
Total funding raised: ₹82.9 Cr

Company overview

OTO is a digital commerce and two‑wheeler financing platform in India that simplifies the entire process of buying and owning a two‑wheeler by combining discovery, purchase and financing into one seamless digital experience. The company partners with banks and non‑bank lenders to offer customers flexible financing options with lower EMIs (often up to ~30% lower than traditional loans) and an innovative ownership model where buyers can retain, return or upgrade their vehicle at the end of the financing term. OTO’s app lets users research models, schedule home test drives, access financing, and manage their loans all in one place, supported by dealer partnerships and full lifecycle services including insurance and maintenance. Originally focused on traditional two‑wheelers, the company is also pushing into the electric two‑wheeler segment to fuel India’s transition to EV mobility

Funding rounds

Latest round: $ 10.00 Mn (₹82.90 Cr.), 2024-02-06. Investors: GMO Venture Partners, Turbostart, KL Rahul (Cricketer), Prime Venture Partners, Matrix Partners, 9Unicorns